other material
confidence high
sentiment positive
materiality 0.50
Alaska Silver completes 9,496-metre 2026 drill program at Illinois Creek; assays pending
Alaska Silver Corp.
- Alaska Silver drilled 9,496 metres across two rigs at Illinois Creek, exceeding its expanded 9,000-metre target; original 6,000-metre plan was completed in 54 drill days.
- Program finished in 84 drill days, six days ahead of the original 90-day plan; average rate was 112.9 metres per day vs. planned 45 metres per rig per day.
- Company closed a C$7,615,800 (about US$5,480,000) PIPE on August 17, 2026, used partly to expand the drill program to 9,000 metres.
- Deepest hole reached 1,288.24 metres; 39 holes sampled, with 6,753 drill core samples and approximately 54,600 lbs submitted; assays pending.
- A one-ton bulk sample from a 200-metre section of the Illinois Creek past-producing mine pit was sent to Kappes, Cassiday & Associates for metallurgical testing.